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2018-03-13 08:00:18

MU

Micron

$59.37

4.78 (8.76%)

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Micron call buyer realizes 38% same-day gains

Notable profits for the buyer who lifted the $2.25 offer for 1,223 Micron (MU) 3/29 weekly 60 calls yesterday at 10:03ET when underlying shares were trading at $58.04. Shares closed at $59.36, and the calls at $3.10 for a mark-to-market profit of 38%, or $104K, on the $275K outlay.

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MUMicron

$59.37

4.78 (8.76%)

03/12/18

EVER

03/12/18NO CHANGETarget $80EVEROutperform

Micron price target raised to $80 from $60 at Evercore ISI

Evercore ISI analyst C.J. Muse raised his price target on Micron to $80 from $60, stating that he thinks the memory market is "absolutely" different now with the DRAM industry consolidated to three players, all of whom are acting rational, and memory has become increasingly critical while the rising complexity has limited the magnitude of new supply. His sense is that Micron will move forward with capital returns "regardless of what we hear from the rating agencies" and predicts the company's analyst day on May 21 should bring more news about planned capital returns starting in FY19. Muse, who thinks Micron can earn $13 or more in EPS in calendar 2019, keeps an Outperform rating on Micron shares.

03/12/18

NOMU

03/12/18NO CHANGETarget $100NOMUBuy

Micron price target raised to $100 from $55 at Nomura Instinet

Nomura Instinet analyst Romit Shah raised his price target for Micron Technology to $100 ahead of what he believes to be a "major breakout" for the shares. Micron closed Friday down 63c to $54.59. After consolidating over the last four months, the shares are in the "early stages of another major breakout," Shah tells investors in a research note. The analyst upped his estimates for Micron and keeps a Buy rating on the name.

03/08/18

MSCO

03/08/18NO CHANGEMSCO

Micron, Seagate among best positioned to benefit from cloud spending, says Morgan Stanley

Morgan Stanley analyst Katy Huberty said the firm's cloud CapEx tracker indicates 4 points of growth acceleration in 2018, which she noted is up from a 6 point deceleration in the previous reading. Morgan Stanley analyst forecasts imply average 2018 CapEx growth of 28%, up from 23% and 24% in 2016 and 2017, respectively, noted Huberty. She sees Arista (ANET), Micron (MU) and Seagate (STX) as among the most positively exposed to greater investment in hyperscale data centers.

03/08/18

KEYB

03/08/18NO CHANGETarget $65KEYBOverweight

Micron price target raised to $65 from $53 at KeyBanc

KeyBanc analyst Weston Twigg raised his price target for Micron Technology to $65 and keeps an Overweight rating on the shares. Micron closed yesterday up 23c to $53.97. Sequential average selling price declines will be less severe than previously modeled over the next few quarters, Twigg tells investors in a research note. He believes the memory markets "remain very healthy" and sees good mid- to long-term trends for the company. NAND pricing risk appears less severe than expected while DRAM pricing remains strong, Twigg contends. He raised his fiscal 2018 earnings per share estimate for Micron to $10.66 from $10.26 and fiscal 2019 estimate to $10.12 from $9.82.